Proximity Labs develops first non-Ethereum blockchain solution compatible with Metamask
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Proximity Labs has developed the first non-Ethereum Virtual Machine (EVM) blockchain solution compatible with Metamask — a popular Ethereum wallet.
Compatibility is achieved through a smart contract developed by Proximity Labs called NETH, according to a company statement.
> How NETH works
NETH enables Ethereum (ETH) addresses remote control of paired NEAR accounts via signing transactions.
NETH is deployed on the NEAR blockchain and enables direct interaction with NEAR decentralized applications (DApps) using Ethereum wallets like Metamask.
The NETH smart contract works as follows: it verifies the signature sent from the Ethereum account, recovers the Ethereum public address if verification is successful, and executes the transaction as long as it matches the address from the initial NETH setup — according to Proximity Labs.
> 🗃️ Source
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